|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PARRIS N. GLENDENING, Governor
|
|
Ch. 19
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Annotated Code of Maryland
(1999 Replacement Volume and 1999 Supplement)
BY repealing and reenacting, with amendments,
Article - Transportation
Section 13-402(c)(7) and 13-809(c)
Annotated Code of Maryland
(1999 Replacement Volume and 1999 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Transportation
13-402.
(a) (1) Except as otherwise provided in this section or elsewhere in the
Maryland Vehicle Law, each motor vehicle, trailer, semitrailer, and pole trailer driven
on a highway shall be registered under this subtitle.
(c) Registration under this subtitle is not required for:
(7) A vehicle owned by a new resident of this State during the first [30]
60 days of [his] residency provided the vehicle displays valid registration issued by
the jurisdiction of [his] THE RESIDENT'S former domicile;
13-809.
(c) (1) Except as provided in subsection (b)(2), of this section, the tax
imposed by this section is 5 percent of the fair market value of the vehicle.
(2) If the vehicle formerly was a vehicle exempt from the tax imposed by
this section, the tax shall be reduced by any amount previously paid by the present
owner as a sales and use tax on the vehicle under Title 11 of the Tax - General Article.
(3) (i) If the vehicle was formerly titled and registered in another state
and the present owner has not been a Maryland resident for more than [30] 60 days
and has paid a sales or excise tax to that state at a rate less than that imposed by this
State, then the tax imposed shall apply but at a rate measured by the difference only
between the tax rate paid to the other state and the tax rate imposed by this section.
(ii) If the vehicle was formerly titled and registered in another state
and the present owner requests to transfer the vehicle in accordance with
§ 13-810(c)(1) of this subtitle, the Administration shall change or correct the names
contained in the certificate of title:
1. At the time the excise tax that is credited or imposed
under this section is paid and a new title is issued; and
2. Without issuing multiple certificates of title or charging
additional fees.
|
|
|
|
|
|
|
|
|
|
- 353 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
